News related to
stake

Dubai’s Alcazar Energy Bolsters Renewable Push with $490 Million Fund

Dubai-based clean energy company Alcazar Energy has secured a significant investment of $490 million for its second renewable energy fund. This fund, known as Alcazar Energy Partners II, represents more than double the amount raised by its predecessor in 2021. The funding will significantly accelerate Alcazar’s development of utility-scale renewable energy projects in emerging markets. The fund’s closing was bolstered by the participation of the US International […]

ACI World Assembly Paves Path for Greener Skies

The annual assembly of the Airports Council International (ACI) focused on charting a course towards a more sustainable future for the aviation industry. Key decisions were made to accelerate the industry’s transition to environmentally conscious practices, with a focus on infrastructure improvements, operational changes, and technological advancements. A central resolution adopted at the assembly pledged member airports to achieve net zero carbon emissions by 2050. This ambitious […]

Spackman Media Group Artist Wi Ha-jun’s Latest Romance K-Drama THE MIDNIGHT ROMANCE IN HAGWON Ranks First In Its Time Slot In Korea

Spackman Media Group artist Wi Ha-jun’s latest romance K-drama THE MIDNIGHT ROMANCE IN HAGWON premiered on Korea’s tvN on May 11 and its second episode ranked first in its time slot among both cable and terrestrial channels according to Nielsen Korea Headlined by Wi Ha-jun of Spackman Media Group, THE MIDNIGHT ROMANCE IN HAGWON is also available for streaming on OTT platforms such as TVING in Korea, […]

UAE Joins Forum on Migrant Worker Recruitment from Africa

The United Arab Emirates (UAE) participated in the inaugural meetings of the “Doha Dialogue” this week, a forum designed to improve cooperation between Gulf Cooperation Council (GCC) countries, Jordan, and Lebanon on the recruitment of temporary migrant workers from African nations. The initiative, launched in Doha, Qatar, aims to establish a more efficient and ethical framework for recruiting African workers, ensuring their rights and well-being throughout the […]

Exploring Babu88 in Bangladesh: Key Features and Mobile Application

Babu88 stands out as a premier choice for online casino and sports betting enthusiasts in Bangladesh. What sets Babu88 apart is its impressive range of gaming options, catering to both novices and seasoned players. The platform boasts a user-friendly interface, making it easy for users to navigate through various casino games and sports betting markets. One of the standout features of Babu88 is its mobile application, which […]

De Beers Group Reports on Progress Towards ‘Building Forever’ Sustainability Goals

2023 sustainability report communicates progress across key priority areas, focused on creating a positive impact in host countries and throughout the diamond value chain HONG KONG SAR – Media OutReach Newswire – 22 May 2024 – De Beers Group recently announced the progress towards its ‘Building Forever’ sustainability goals, with key highlights including achieving a target to engage 5,000 women and girls in STEM (science, technology, engineering […]

A Look at WhatsApp Statuses

WhatsApp Statuses, a feature introduced in 2017, has become a ubiquitous mode of communication for the platform’s over two billion users. These ephemeral updates, disappearing after 24 hours, offer a glimpse into users’ lives through photos, videos, text, and even voice notes. The rise of Statuses can be attributed to its casual and impermanent nature. Unlike permanent posts on Facebook or Instagram, Statuses allow for a less […]

Dubai Summit Considers Future of Energy at 31st Middle East Petroleum & Gas Conference

The 31st Middle East Petroleum & Gas Conference (MPGC), which opened on May 21st in Dubai, brought together industry leaders to navigate the evolving landscape of the energy sector. The conference, inaugurated by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council for Energy, focused on the theme “Evolving Core Energy Markets within a Sustainable Landscape. ” The gathering, hosted by ENOC […]

New Regulations on Gold Assay Labs

The world of gold assay labs, responsible for determining the purity of gold, is bracing for a shift as stricter regulations are being drafted by international governing bodies. These regulations aim to ensure greater transparency, accuracy, and accountability within the gold supply chain. The impetus for this change stems from growing concerns about fraudulent practices and the infiltration of conflict gold – gold mined in areas of […]

EU Enacts Groundbreaking Legislation for High-Risk AI

The European Union has taken a significant step towards shaping the global landscape of artificial intelligence regulation. On May 21st, 2024, EU ministers unanimously approved the Artificial Intelligence Act, a landmark piece of legislation designed to govern the development and use of high-risk AI systems. This act represents the culmination of years of deliberation and debate, and positions the EU as a frontrunner in establishing safeguards for […]

Building a framework for neutral hosting in Middle East and Africa

Daniel Mausoof Digital connectivity is synonymous with progress. As the United Nations highlights, it is for many people a basic service that connects them to health, welfare, education, financial services and more. It is the neural network behind the digital click of the button that opens the door to economic growth, citizen engagement and social equality. However, in developing countries, only 70% of households have internet compared with 92% […]

Abu Dhabi Municipality Unveils Fresh Initiatives to Bolster City Services

The Department of Municipalities and Transport (DMT) in Abu Dhabi has announced a series of new assignments aimed at enhancing the emirate’s municipal services across various sectors. This strategic move underscores the DMT’s commitment to fostering a sustainable and thriving urban environment for Abu Dhabi’s residents and businesses. One key area of focus is the real estate sector. The launch of the Abu Dhabi Real Estate Centre […]

Large FPI Pullout, Gold Import Surge Portend Political Power Change At The Centre

Emirates Center for Studies Hosts Symposium

The Emirates Center for Studies and Research (ECSR) recently convened a symposium to delve into the intricacies of United Nations Security Council Resolution (UNSCR) 1540. Enacted in 2003, the resolution mandates that all UN member states implement specific measures to prevent the proliferation of nuclear, chemical, and biological weapons, along with their delivery systems. The symposium brought together a distinguished panel of experts, including government officials, academics, […]

World Water Forum Poised for Landmark Ministerial Agreement

The 10th World Water Forum currently underway in Bali, Indonesia, is set to make history with the adoption of the first-ever Ministerial Declaration. This collaborative document, reached through consultations rather than traditional negotiations, signifies a significant step forward in addressing global water challenges. The declaration, spearheaded by Indonesia, outlines four key areas for international cooperation. A central focus is the proposal for a UN General Assembly resolution […]

QIA to Spearhead Investment in Ardian’s Semiconductor Fund

The Qatar Investment Authority (QIA), the country’s sovereign wealth fund, has announced its intention to become the anchor investor in Ardian Semiconductor, a newly established entity by the French private equity firm Ardian. This strategic move signifies QIA’s commitment to a leading investment firm and its innovative thematic fund dedicated to bolstering the European and French semiconductor industry. The global chip shortage has underscored the critical role […]

Biden plays high-risk poker with Netanyahu

James M Dorsey US President Joe Biden doesn’t fit the mould of a high-risk gambler. Yet, gambling is the crux of his velvet glove dealings with Israel. With one eye on Israeli politics and the other on presidential elections in the United States in six months, Biden is walking a tightrope. The stakes and the costs couldn’t be higher. At its core, despite the administration’s escalating verbal […]

Kuwait’s BIG Holding Announces Initial Public Offering

Kuwait’s Beyout Investment Group (BIG) Holding, a diversified conglomerate offering human resources and real estate services, is poised to join the Kuwaiti bourse. The company announced its intention to sell a 30% stake through an initial public offering (IPO) on Boursa Kuwait, marking the first such listing in the country in nearly two years. BIG Holding boasts a proven track record of growth, with an average revenue […]

Consortium Led by Sovereign Wealth Funds Eyes Privatization

Malaysia’s aviation landscape is set for a potential overhaul as a consortium, including the emirate of Abu Dhabi’s powerful sovereign wealth fund, Abu Dhabi Investment Authority (ADIA), has submitted a bid to take Malaysia Airports Holdings Berhad (MAHB) private. The move, valued at approximately $3. 9 billion, has ignited discussions about the future of the country’s airport network and the potential benefits of a shift from public […]

DP World Leads Coalition to Reduce Emissions through Chilling Standard Adjustment

DP World, a major player in global logistics, has taken the initiative to establish the “Join the Move to -15°C” Coalition. This industry-wide alliance aims to redefine the standard temperature for storing and transporting frozen food, with the goal of reducing greenhouse gas emissions and fostering a more sustainable food supply chain. The current standard of -18°C for frozen food has been in place for nearly a […]

Global Green Shift Demands Trillion-Dollar Investment Surge

A significant financial push is needed to propel the world towards a sustainable future, according to Lord Nicholas Stern, a prominent British economist on climate change. Stern, known for his influential 2006 report advocating for green policies, emphasizes the urgency of swift and decisive action. The current global goal is to limit the rise in global temperatures to 1.5 degrees Celsius above pre-industrial levels. However, achieving this […]

Alarming Trajectory: Shipping Industry Faces Potential Surge in Greenhouse Gas Emissions

A new report paints a concerning picture for the maritime sector’s environmental footprint. If current trends persist, greenhouse gas (GHG) emissions from shipping could balloon by a staggering 44% by 2050. This significant increase far outpaces international goals set to combat climate change. The report, commissioned by a consortium of maritime industry stakeholders, highlights the urgency for the sector to embrace sustainable practices. The International Maritime Organization […]

Dubai Authority Partners with Arab Media Forum to Champion Sustainability

The Dubai Electricity and Water Authority (DEWA) has been announced as the Sustainability Strategic Partner for the 22nd edition of the Arab Media Forum (AMF), solidifying its commitment to promoting sustainable practices throughout the region. The forum, held under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is set to take place from May […]

PolyU study reveals effectiveness of GBGI infrastructure in mitigating urban heat, proposing nine-stage framework for development of a sustainable city

HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – Primarily due to the impact of urbanisation and global warming, urban heatwaves have become a challenging issue worldwide, with Hong Kong persistently experiencing record-breaking high-temperature days. Mitigating urban heat through green and blue infrastructures is essential for creating a sustainable environment. Prof. Hai GUO, Professor of the Department of Civil and Environmental Engineering at The […]